iShares S&P 100 ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 16.8x P/Sales
ratio		 2.2x
P/BV
ratio		 2.9x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 100 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. large-cap stocks, as represented by the Standard & Poor's 100 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 27, 2000
Assets (mns) $4,816
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $422,956
Large cap (>$10bn) 99.9%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.5 %
APPLE INC 7.5 %
AMAZON.COM INC 5.7 %
FACEBOOK 2.8 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
ALPHABET INC. CLASS A 2.5 %
ALPHABET INC. CLASS C 2.5 %
JOHNSON & JOHNSON 2.4 %
JPMORGAN CHASE & CO 2.0 %
VISA INC-CLASS A SHARES 2.0 %
Total 38.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
IRELAND 2.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.3% -3.3% 7.8% 10.5% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.96 99%
MSCI EAFE 0.87 79%
MSCI Emg. Mkts. 0.64 63%

Technical Indicators
Recent close $118.62
30d moving avg. $127.97
Annualized volatility 14.7%
Short interest (ETF) 0.6%
Short interest (Underlying) 1.5%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 2,429
Turnover 6.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $193,319

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P 100 ETF ETF based on the alternatives' overlap in portfolio holdings with OEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OEF Expense: 20 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OEF
Ticker Fund
Name		 Overlap1
vs OEF
(%)		 Expense
ratio
(bp)		 Savings
vs OEF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs OEF
(%)
XLG Invesco S&P 500 Top 50 ETF 79.6 20 0 5.8 -0.4
IWL iShares Russell Top 200 ETF 79.1 15 5 6.5 +0.3
MGC Vanguard Mega Cap Index Fund 74.9 7 13 6.7 +0.5
HSPX Global X S&P 500 Covered Call ETF 71.7 65 -45 6.3 +0.1
PBP Invesco S&P 500 BuyWrite ETF 70.7 49 -29 6.5 +0.3
SNPE Xtrackers S&P 500 ESG ETF 70.6 11 9 6.7 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 68.5 20 0 6.5 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 68.5 27 -7 6.5 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 67.0 60 -40 5.8 -0.4
IQSU IQ Candriam ESG US Equity ETF 66.6 9 11 6.5 +0.3
SPY SPDR S&P 500 ETF Trust 65.8 9 11 6.9 +0.7
SPLG SPDR Portfolio Large Cap ETF 65.6 3 17 7.0 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 65.6 20 0 6.9 +0.7
IVV iShares Core S&P 500 ETF 65.5 4 16 6.9 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 65.5 27 -7 6.6 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 65.5 27 -7 6.8 +0.6
VOO VANGUARD S&P 500 ETF 65.3 3 17 6.9 +0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 65.3 25 -5 7.4 +1.2
NACP Impact Shares NAACP Minority Empowerment ETF 64.4 75 -55 6.0 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 64.0 12 8 6.2 -0.0
VV Vanguard Large-Cap Index Fund 63.8 4 16 6.8 +0.6
SFY SoFi Select 500 ETF 63.3 0 20 6.5 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 62.4 27 -7 7.2 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 62.4 2 18 6.9 +0.7
IWY iShares Russell Top 200 Growth ETF 62.2 20 0 5.4 -0.8
VOOG Vanguard S&P 500 Growth ETF 62.0 10 10 5.6 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 62.0 4 16 5.6 -0.6
IVW iShares S&P 500 Growth ETF 62.0 18 2 5.5 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 61.5 8 12 8.3 +2.0
PBUS Invesco PureBeta MSCI USA ETF 61.3 4 16 6.9 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 61.2 12 8 6.5 +0.3
SCHX Schwab U.S. Large-Cap ETF 60.9 3 17 6.9 +0.6
IUSG iShares Core S&P US Growth ETF 60.8 4 16 5.7 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 60.5 3 17 7.1 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 60.4 8 12 5.6 -0.6
IWF iShares Russell 1000 Growth ETF 60.4 19 1 5.5 -0.7
VONE Vanguard Russell 1000 ETF 60.1 8 12 6.9 +0.6
ESG FlexShares STOXX US ESG Impact Index Fund 60.0 32 -12 6.6 +0.4
IWB iShares Russell 1000 ETF 59.5 15 5 6.8 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 59.5 15 5 6.5 +0.3
SCHK Schwab 1000 Index ETF 59.0 5 15 6.9 +0.6
IYY iShares Dow Jones U.S. ETF 58.5 20 0 6.8 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 58.1 28 -8 7.9 +1.7
RECS Columbia Research Enhanced Core ETF 57.7 15 5 7.3 +1.1
IUS Invesco Strategic US ETF 57.6 19 1 7.7 +1.5
VTHR Vanguard Russell 3000 Index Fund 56.6 10 10 6.8 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 56.4 49 -29 5.3 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.2 15 5 6.7 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 56.2 29 -9 6.8 +0.6
SCHB Schwab U.S. Broad Market ETF 56.2 3 17 6.9 +0.6
ESGV Vanguard ESG U.S. Stock ETF 56.0 12 8 6.8 +0.6
IWV iShares Russell 3000 ETF 56.0 20 0 6.7 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 55.9 3 17 6.8 +0.6
VTI Vanguard Total Stock Market Index Fund 55.9 3 17 6.8 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 55.8 25 -5 8.1 +1.9
DIVB iShares U.S. Dividend & Buyback ETF 55.7 25 -5 8.5 +2.3
WOMN Impact Shares YWCA Women's Empowerment ETF 55.3 75 -55 6.1 -0.2
FVAL Fidelity Value Factor ETF 54.5 29 -9 10.6 +4.4
DTD WisdomTree U.S.Total Dividend Fund 53.9 28 -8 8.3 +2.1
IOO iShares Global 100 ETF 53.6 40 -20 6.0 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 53.1 15 5 7.1 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 52.9 25 -5 8.2 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 52.7 4 16 5.5 -0.8
DGRO iShares Core Dividend Growth ETF 52.1 8 12 8.2 +2.0
FDRR Fidelity Dividend ETF for Rising Rates 52.0 29 -9 9.4 +3.2
FQAL Fidelity Quality Factor ETF 51.8 29 -9 6.9 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 51.5 39 -19 8.9 +2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 51.2 19 1 7.4 +1.1
TMFC Motley Fool 100 Index ETF 50.5 50 -30 4.9 -1.3
MGK Vanguard Mega Cap Growth ETF 50.4 7 13 5.5 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.3 9 11 7.1 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 50.2 12 8 9.3 +3.1
VUG Vanguard Growth Index Fund 50.1 4 16 5.4 -0.8
MGV Vanguard Mega Cap Value ETF 49.7 7 13 8.7 +2.5
VTV Vanguard Value Index Fund 49.6 4 16 9.0 +2.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 49.4 29 -9 5.5 -0.7
DSI iShares MSCI KLD 400 Social ETF 49.2 25 -5 6.6 +0.4
SPYV SPDR Portfolio S&P 500 Value ETF 48.4 4 16 9.0 +2.8
IVE iShares S&P 500 Value ETF 48.4 18 2 8.9 +2.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.3 75 -55 4.9 -1.4
VOOV Vanguard S&P 500 Value ETF 48.2 15 5 9.0 +2.7
EXT WisdomTree U.S. Total Earnings Fund 48.2 28 -8 7.4 +1.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 47.9 52 -32 7.6 +1.4
FDLO Fidelity Low Volatility Factor ETF 47.5 29 -9 6.4 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 47.5 25 -5 8.3 +2.1
JQUA JPMorgan U.S. Quality Factor ETF 47.5 12 8 6.5 +0.3
IUSV iShares Core S&P U.S. Value ETF 47.1 4 16 9.2 +2.9
SCHV Schwab U.S. Large-Cap Value ETF 46.9 4 16 8.8 +2.6
SUSL iShares ESG MSCI USA Leaders ETF 46.8 10 10 6.8 +0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.8 10 10 6.8 +0.6
RWL Invesco S&P 500 Revenue ETF 46.8 39 -19 8.9 +2.7
QQQ Invesco QQQ Trust 45.4 20 0 5.2 -1.0
QYLD Global X NASDAQ 100 Covered Call ETF 45.4 60 -40 4.8 -1.4
NUSI Nationwide Risk-Managed Income ETF 45.4 68 -48 4.8 -1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 45.4 21 -1 4.2 -2.0
IWX iShares Russell Top 200 Value ETF 45.3 20 0 8.6 +2.4
RFFC RiverFront Dynamic US Flex-Cap ETF 45.2 52 -32 7.3 +1.1
AVUS Avantis U.S. Equity ETF 45.0 15 5 7.8 +1.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 44.7 42 -22 7.0 +0.8
JHML John Hancock Multifactor Large Cap ETF 44.7 34 -14 7.2 +1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares S&P 100 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.0 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.38 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.